Page 4 Advertisements Column 2

Auckland Star, Volume LX, Issue 141, 17 June 1929, Page 4

FIRST MORTGAGE DEBENTURES. A CILT-EDpED INVESTMENT. Applications are invited for Subscriptions to an Issue of Firsv Mortgage Debentures bearing: interest at the rate or 7$ per cent, per annum, payable half yearly. These Debentures are being , issued by a Limited Company, and are secured upon Freehold valued at more than double the amount of this Debenture issue; the Debentures are further secured by a floating , charge over all other assets of the Company. The net estimated annual income is sufficient to meet the interest on the Debentures many times over. The term of the Debentures Is for 5 years from the 30th day or June, 1929. Applications -will be received only in accordance with the full Prospectus, and on the Application Form issued therewith. Prospectus, full information and rorm of application for Shares, may be obtained from ASSOCIATED INVESTMENT UNDERWRITERS (N.Z.), LTD, PREMIER BUILDINGS, DURHAM ST EAST, AUCKLAND. Telegraphic Address: Investment, Auckland. THE FIRST NATIONAL MORTGAGE BOND CORPORATION LIMITED. (To be registered under The Companies Act, 1908). CAPITAL, £250,000 Divided into 100,000 6 per cent. Cumulative Preference Shares of £1 each, and 150,000 Ordinary Shares of £1 each. A fresh avenue of investment will be opened up to the public by the operations of The First National Mortgage Bond_ Corporation, Limited, and the principles and system which form part of the standard practice to-day in Great Britain and America will be followed. Mortgages of the best class, namely, the highest type of improved City properties and productive rural lands, will be taken up, and Bonds of convenient denominations issued to the public, thus rendering such classes of mortgages available to investors generally. All Bonds will be protected by an adequate equity or margin of safety, based on conservative appraisals of the property mortgaged. The construction _ and other costs, soundness, and earning power of each property will be thoroughly examined. The organisation is in the hands of prominent business men, who have been successful in the commercial life of the Dominion. The Corporation will offer continuity of investment, safety, and ready negotiability. The usual difficulties of investors in hnding suitable investments and securities will be overcome. of F p°r r osSu e s r SSSTS" 3nd fU " C °^ ASSOCIATED INVESTMENT UNDERWRITERS (N.Z.), LTD PREMIER BUILDINGS, DURHAM St" EAST, AUCKLAND.